Sir,
As the year draws to a close, the situation does not appear to be easing for the harrowing public as the restrictions for withdrawing one’s own money might persist till the process of re-monetizing the economy is complete. While nobody grudges draconian actions against errant elements in the economy who profit by their nefarious activities, the ramifications and repercussions need to be duly reckoned lest the public at large do not feel short-changed or subject to undue inconvenience. Many doubt whether the blizzard of demonetisation would do subside soon to enable people to resume their normal life. Even assuming that its deleterious effects would be lived down by the forgiving public if only it purges the economy of all odious and obnoxious dregs, the picking up process would be a long drawn out exercise with many normal people finding the existence enervating enough. So as the New Year is all set to dawn, hope springs eternal that the hardships of the recent weeks would be behind and that better days would herald India’s tryst with destiny for a sustainable development.
Yours etc….
G Srinivasan
New Delhi
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